Word: suppliers
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Dates: during 2000-2009
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Before last spring, videoconferencing supplier Forgent was known as VTel and was one of the top sellers of hardware. But the company decided that it could do better in the burgeoning software business. Forgent software monitors video-call connections and allows IT managers to quickly diagnose failures in the system--including failures by phone companies...
Watkins learned Enron was losing money on two equity investments: network-equipment supplier Avici lost 98% of its value, and another, New Power, an energy retailer that had Ken Lay on the board, dropped more than 80%. Because both firms were backed by Enron stock, Watkins knew their downfall was dragging down Enron too. None of that was being reflected in the company's public filings, as far as she could tell. As her lawyer Philip Hilder explains, "The numbers just didn...
...contributions over the years. Lay was disappointed last year when Bush backed away from a global-warming plan that would have been good for the natural-gas business, but Bush sided with the company in refusing to back price caps on California energy, of which Enron was a major supplier. Larry Lindsey, Bush's top economic adviser and a former Enron consultant, has battled on free-market grounds to preserve the kind of overseas tax shelters that hid Enron's true financial condition for so long. And in August Lay's backing helped put his friend Patrick Wood...
...Arafat of wanting to blow up the faint, remaining hopes of peace with this lethal, 50-ton haul. But it was not for Arafat, whom Sharon consistently calls a terrorist, that the Israeli Prime Minister had his bitterest words. Those he reserved for Iran, which Israel maintains was the supplier of the cache. Acts like that make Iran "the center of world terror," said Sharon...
...Watkins learned Enron was losing money on two equity investments: network-equipment supplier Avici lost 98% of its value, and another, New Power, an energy retailer that had Ken Lay on the board, dropped more than 80%. Because both firms were backed by Enron stock, Watkins knew their downfall was dragging down Enron too. None of that was being reflected in the company's public filings, as far as she could tell. As her lawyer Philip Hilder explains, "The numbers just didn...